Agora (API) Gross Margin (2019 - 2025)
Agora recorded quarterly Gross Margin of 65.07% in Q4 2025, down 1.34% quarter-over-quarter from 65.96% in Q3 2025, and down 154.0% year-over-year from 120.5% in Q4 2024.
Agora's Gross Margin history runs 7 years deep, the most recent figure standing at 65.07% for Q4 2025.
- In Q4 2025, Gross Margin fell 154.0% year-over-year to 65.07%; the TTM figure through Dec 2025 stood at 66.4% (up 228.0% YoY), while the FY2025 annual figure was 66.4%, up 228.0% from the prior year.
- Gross Margin came in at 65.07% for Q4 2025 at Agora, down from 65.96% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 68.03% in Q1 2025 to a low of 58.1% in Q1 2021.
- A 5-year average of 63.51% and a median of 63.12% in 2021 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin tumbled 1073 bps in 2021 and jumped 679 bps in 2025, its largest moves.
- Agora's Gross Margin stood at 62.96% in 2021, then declined by 3 bps to 60.8% in 2022, then gained by 3 bps to 62.9% in 2023, then rose by 6 bps to 66.61% in 2024, then dropped by 2 bps to 65.07% in 2025.
- According to Business Quant data, Gross Margin over the past three periods registered 65.07%, 65.96%, and 66.76% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Agora | 1.34 Bn | 1.18 Bn | 24.83 Mn | 65.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 65.07% |
| Sep 30, 2025 | 65.96% |
| Jun 30, 2025 | 66.76% |
| Mar 31, 2025 | 68.03% |
| Dec 31, 2024 | 66.61% |
| Sep 30, 2024 | 66.67% |
| Jun 30, 2024 | 62.05% |
| Mar 31, 2024 | 61.25% |
| Dec 31, 2023 | 62.90% |
| Sep 30, 2023 | 64.03% |
| Jun 30, 2023 | 63.27% |
| Mar 31, 2023 | 62.69% |
| Dec 31, 2022 | 60.80% |
| Sep 30, 2022 | 59.41% |
| Jun 30, 2022 | 64.93% |
| Mar 31, 2022 | 62.39% |
| Dec 31, 2021 | 62.96% |
| Sep 30, 2021 | 65.16% |
| Jun 30, 2021 | 61.08% |
| Mar 31, 2021 | 58.10% |
| Dec 31, 2020 | 60.43% |
| Sep 30, 2020 | 62.45% |
| Jun 30, 2020 | 66.44% |
| Mar 31, 2020 | 68.84% |
| Dec 31, 2019 | 66.32% |
| Sep 30, 2019 | 69.24% |
| Jun 30, 2019 | 69.24% |